Crypto liquidations reach $99.0495 million in 12 hours, ZEC leads

  • Crypto markets recorded $99.0495 million in liquidations over the past 12 hours.
  • Short positions accounted for $66.9933 million, versus $32.0562 million for long positions.
  • ZEC led token-specific liquidations with $23.2602 million, ahead of ETH and BTC.

Crypto markets recorded $99.0495 million in liquidations over the past 12 hours, according to CoinGlass data cited by Odaily Planet Daily. Short-position liquidations totaled $66.9933 million, more than double the $32.0562 million liquidated from long positions. ZEC recorded the largest token-specific liquidation amount at $23.2602 million, followed by ETH at about $14.4046 million and BTC at about $13.3940 million. Liquidation occurs when leveraged positions are forcibly closed after traders can no longer meet margin requirements.

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